Business

DAVOS, SWITZERLAND — The world’s billionaires have doubled in the past decade and are richer than 60 per cent of the global population, the charity Oxfam said Monday. It said poor women and girls were at the bottom of the scale, putting in “12.5 billion hours of unpaid care work each and every day,” estimated […]

TOKYO — Stock markets were trading in narrow ranges Monday as investors awaited central bank decisions and earnings reports due out in coming weeks. U.S. stock markets will be closed in observance of the Martin Luther King Jr. holiday. In Europe, France’s CAC 40 declined 0.2% to 6,089, while Germany’s DAX edged up 0.1% to […]

VANCOUVER — The federal government is spending $500,000 to lure investors to develop untapped mineral resources in Yukon, the Northwest Territories and Nunavut. Yukon MP Larry Bagnell announced the initiative in Vancouver on Sunday on behalf of Melanie Joly, minister of economic development and official languages. The Yukon Mining Alliance will use the funding to […]

TORONTO — TORONTO — Canada’s main stock index is expected to shatter records in 2020 after starting the year up nearly three per cent to date, says an investment expert. The S&P/TSX composite index should gain at least 10 per cent for the year, pushing it to about 19,000 points while outpacing U.S. markets, says […]

HONG KONG, CHINA — A Hong Kong airline forced a Japanese woman to take a pregnancy test before allowing her on a flight to a Pacific island popular with mothers seeking U.S. citizenship for their babies. Midori Nishida, 25, was escorted to a public toilet at Hong Kong airport and told to urinate on a […]

The exclusive $1 trillion club on Wall Street just got a new member. Shares of Google parent company Alphabet hit a new all-time high Thursday, pushing the company’s market value to $1 trillion in the process. Alphabet joins Apple and Microsoft as companies worth at least $1 trillion. Apple is the most valuable company in […]

TORONTO — The Supreme Court of Canada has unanimously dismissed British Columbia’s appeal of the Trans Mountain pipeline. The province was asking Canada’s top court to find that B.C. has jurisdiction over what flows through the pipeline expansion project from Alberta, but the Supreme Court has found that control over the contents of the natural […]

WASHINGTON — The Republican-led U.S. Senate finally passed North America’s long-delayed new free trade pact Thursday, its final piece of legislative business before it transforms into a high political court of sorts for the impeachment of President Donald Trump. After passing the Democrat-controlled House of Representatives last month, the so-called implementation bill — the nuts […]

TORONTO — Canadian Tire Corp. Ltd. is promoting Gregory Craig to the job of chief financial officer, replacing Dean McCann, who is retiring. Craig is president of Canadian Tire Financial Services and president and chief executive of Canadian Tire Bank. He takes over the new job on March 2. McCann will continue as a director […]

MONTREAL — Shares in Bombardier Inc. plunged more than 30 per cent after it said it expects its financial results for 2019 will fall short of its earlier guidance. The company says the miss is mainly due to actions taken to resolve challenging rail projects, the timing of milestone payments and new orders and the […]